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Goldman Sachs got the call on gold...

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April 23, 2013 – Comments (0) | RELATED TICKERS: GS

About  two weeks ago   GS   told  clients to   short gold...

Gold  took   the elevator  down..

Now  they  are  telling clients  to stop  shorting  gold...

On April 10, Goldman’s “short” call coincided with it slashing its short- and long-term forecasts for the yellow metal.

On April 12, gold embarked on its worst two-day plunge since futures first started trading in New York.

After an 11 % tumble in gold prices over the past two weeks, Goldman is now telling clients to take profits and move on, even as it expects prices to keep falling throughout the year.

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Goldman  see's  the US economy  improving and  accelerating  in  its  growth.

Of  course  Goldman  had  already  positioned  itself  to  prosper  on   its  gold  call.

Makes  you  wonder  whenever  you  see  such  price  action,  did Goldman  get lucky ?  or   was  something  more  sinister  at play ?

 

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